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. he was chief executive officer of the firm m.f. global when it collapsed in the eighth largest bankruptcy in u.s. history. lawmakers want to know what happened and why an estimated $1.2 billion, that's billion ons in client funds are now unaccounted for. in prepared testimony today corzine apologizes for his firm's failure but says he doesn't know where the missing money went. >>> politics. all about momentum, mojo. newt gingrich clearly, he's got it in the republican race. a cnn polling shows the former house speaker surging to the front of the pack in critical first primary states. we'll be talking about iowa, south carolina, florida all by double digits leads. he is nipping at mitt romney's heels in new hampshire. as gingrich tells wolf blitzer this is quickly becoming a two-man race. >> too early to say that it's yours to lose? >> yeah. well, it's either romney or mine. >> what about the other candidates? >> we're the two frontrunners. it's a fair thing to say without diminishing anybody. both of us have different kinds of strengths, but romney's a very formidable opponent.
appear as though he is going to take responsibility for his company, m.f. global's implosion. >> reporter: he has released a draft of his opening statement, and it's really an extraordinary comedown for a guy who was the head of goldman sachs, who was the senator, who was a governor, and now has presided over this megafinancial disaster. most people in his circumstances would take the fifth. there's a victim nal investigation going on, but i guess he didn't want to take that much humiliation so he is simply in a very general way denying any wrongdoing, explaining the investigation is continuing but he's not saying much about the specifics of what happened. >> okay. let's turn now, and we'll watch and see what happens when he does testify. let's turn now to eric holder. fast and furious. there are those who are calling for eric holder to resign over this, jeffrey. is he fighting for his job here? is that likely to happen? might he have to resign? >> reporter: at this point, i don't see any possibility that eric holder is going to resign. this was an investigation in arizona th
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